[moonrab]

Majulah Package – MediSave Bonus, about 1.6 million Singaporeans born in 1973 or earlier will receive a one-time MediSave top-up of $2,000 in December 2024!!!!

😚👍🫰

[p1acebo]

Some receive only $1,250

[surfer]

The govt discriminate amongst its citizens.

[moonrab]

https://www.mom.gov.sg/employment-practi...ah-package

[moonrab]

Majulah Package
The Majulah Package aims to provide Singapore citizens born in 1973 or earlier with an additional boost for their retirement.

Those 65 years old above is not under this package.

[RiseofAsia]

Want to give, give $10000, $2000 not shiok lah..

[RiseofAsia]

Dont laugh!

Next package will be called

Strawberry package.

[Tee tiong huat]

Some receive only $1,250

Same same also 4me (sama sama juka)

[ysh02]

Give money to see doctor lah....

[cheekopekman]

Majulah Package – MediSave Bonus, about 1.6 million Singaporeans born in 1973 or earlier will receive a one-time MediSave top-up of $2,000 in December 2024!!!!

😚👍🫰

[pinkpanther]

What happen to those borned on the first Jan 1974?  They are going to kpkb

[Lukongsimi]

What happen to those borned on the first Jan 1974?  They are going to kpkb

Belong to another  coming group Mari Kita loh

[Napoleon Porlumpar]

Majulah Package – MediSave Bonus, about 1.6 million Singaporeans born in 1973 or earlier will receive a one-time MediSave top-up of $2,000 in December 2024!!!!

😚👍🫰

FARK LAH..................i born 1 year too late................

[RiseofAsia]

What happen to those borned on the first Jan 1974?  They are going to kpkb

Wait for next strawberry package lah.

[moonrab]

FARK LAH..................i born 1 year too late................

You should be happy for being younger 😁
I wish for it helplessly.🤣

[moonrab]

Belong to another  coming group Mari Kita loh

Stand Up Generation 🤣

[Ola]

Another scam, arh? What " additional boost for their retirement"?

Rob citizens to give Foreigners

Only naive like Malaysian Traitors will believe

[Huliwang]

How come I received 2 majulah packages? One is retirement bonus $1500 and one is Medisave bonus $,1250. Thank you PAP,, you have my support.    

[moonrab]

How come I received 2 majulah packages? One is retirement bonus $1500 and one is Medisave bonus $,1250. Thank you PAP,, you have my support.    

Wow you're champion le..
🤣

[pinkpanther]

Is Majulah associated with Allah or Alhamdulilah or Bismillah? 

[red3]

Huat ah majullah

[p1acebo]

How come I received 2 majulah packages? One is retirement bonus $1500 and one is Medisave bonus $,1250. Thank you PAP,, you have my support.    

You must own several properties and the Annual Value > $25,000, in other words, you are a very rich man  

[Wy:Nox]

Giving us chicken wings now because Election is near. What I hate to think is they will take the chicken and the eggs back.

[sgbuffett]

All these topups to medisave wont help much here is why.

1. The medical cost in singapore rises 13% every year and double after 5.5yrs.

2. You need to double the amount set aside foe medical every 5yrs otherwise you wont have enough.

[moonrab]

Giving us chicken wings now because Election is near. What I hate to think is they will take the chicken and the eggs back.

I think $2k can buy many chicken wings 🤣

[moonrab]

All these topups to medisave wont help much here is why.

1. The medical cost in singapore rises 13% every year and double after 5.5yrs.

2. You need to double the amount set aside foe medical every 5yrs otherwise you wont have enough.

Tell it to the Malaysian complaining 90% of them have not enough EPF..🤭

"90pct of EPF members under 30 will not have RM240k to retire - KRI report [BTTV]
By Business Times
September 26, 2024 @ 11:25am"

KUALA LUMPUR: Over 90 per cent of Employees Provident Fund (EPF) members under 30 years of age will not have enough basic savings of RM240,000 by retirement age, according to a Khazanah Research Institute (KRI) report.

EPF members make up 60 per cent of the labour market, excluding those working in the public and the informal sector.

The top 10 per cent's average savings in 2022 was RM49,061.

"This highlights the structural issue of low starting salaries among those beginning to enter the job market as they cannot achieve the basic EPF contribution for retirement," it said in its report titled "Households and the pandemic 2019-2022" - the state of households 2024.

It found that those under 30 years of age were less affected by the EPF withdrawals during the Covid-19 pandemic, as they generally would have lesser financial commitments in terms of housing/vehicle loans, dependents etc.

"Although it can be argued that their wages may improve through career progression, there is a compounding effect attributed to low starting salaries, as it typically results in slower wage growth and even increased instances of job mismatches," KRI said.

The research institute in its report acknowledged however, that with the increase in the contribution share for EPF's Account 1 from 70 per cent to 75 per cent, EPF projects that 65 per cent of its members may have the means to achieve basic savings by 2035.

The report also highlighted the need to reexamine the RM240,000 savings target, which has not been revised since 2019.

KRI said the target assumes that the individual would use RM1,000 per month for 20 years.

"As the average Malaysian's life expectancy increases, the target of RM250,000 may be insufficient and would require re-examination as this figure has not been revised since 2019," KRI said.

It stressed that individuals approaching their respective retirement ages and beyond may face increased adversities such as health and disability risks alongside the depletion of their retirement savings.

"It is also important to note that those working in the informal sector may face even dire prospects regarding their retirement as they are currently not obligated to contribute to the EPF. These individuals, who are already facing issues regarding lower average income, may also have little to no safety net for retirement in comparison to those in formal employment," KRI said.

While acknowledging the growth for voluntary self-contribution schemes, the uptake was still considerably lower at 730,066 voluntary contributors in 2022.

And there's no RM6K top up le..how?

[Ken]

Hi, their medical fee only one dollar la, cannot compare with them , we sure smell no smoke. Our insurance fees already can clean up all topping up.

[Sentinel]

I think better vote them out

[sgbuffett]

Tell it to the Malaysian complaining 90% of them have not enough EPF..🤭

"90pct of EPF members under 30 will not have RM240k to retire - KRI report [BTTV]
By Business Times
September 26, 2024 @ 11:25am"

And there's no RM6K top up le..how?

I thought we aee discussing Singapore medisave?

How come digress to Malaysia?

[moonrab]

I thought we aee discussing Singapore medisave?

How come digress to Malaysia?

Sometimes it is good to see around before you look at yourself..😉
Well that's my personal opinion though.